Archer has signed a share purchase agreement to acquire isol8, a well technology company that specializes in alloy-based barrier solutions and advanced materials for use in well completions, intervention, and plug and abandonment (P&A).
“This acquisition brings valuable technologies and talent into Archer. Isol8’s solutions will strengthen and expand our leading plug portfolio and advance our subsea and rigless P&A offering,” said Dag Skindlo, chief executive officer (CEO) of Archer. “The acquisition reinforces our ability to deliver safe, efficient, and scalable well abandonment solutions to our global customers.”
Headquartered in Sandnes, Norway, Archer is an international oilfield services company that provides drilling and well-related products and services to the energy industry. Its offerings include platform and land drilling, modular rigs, engineering support, well services, project management, inspection, and well engineering services across the full lifecycle of oil and gas wells.
“Archer’s global reach and established customer base create a strong platform to scale deployment of isol8’s technologies across the entire well lifecycle,” said Andrew Louden, founder and CEO of isol8. “Together, we have the opportunity to expand adoption of our existing alloy barrier products and accelerate the commercialization of our emerging metal element technology.”
Headquartered in Aberdeen, Scotland, isol8 is a well technology company specializing in alloy-based barrier products used to maintain well integrity across the lifecycle of oil and gas wells. Its core offerings center on bonded alloy sealing systems and downhole barrier tools that create pressure‑resistant, gas‑tight seals for applications such as well completions, intervention, and plug and abandonment. The company also develops proprietary materials and deployment systems, including thermite‑based heaters, to install these barriers in subsea and rigless operations.
